If you’re ready to give your retail business a new look but have no idea where to start, you’re on the right path. The renovation involved can be very tedious and difficult. There are many things you need to consider before going ahead with renovations, such as engaging architects, designing floor plans, sourcing for contractors and more. Here is a retail renovation checklist to ensure that you’re on the right path.
- Designing your store concept
Designing a retail store takes a lot of time. Do consult a professional commercial interior designer or architect so as to deliver the best experience to your customers. While designing your store concept, always keep in mind the target audience you’re going for. Would they like a clean, minimalist design, or something more cluttered? The more complex your concept is, the more time and money it needs. A word of advise – do not start renovation while the planning phase is still in progress. In the end, you might end up wasting your time and money!
- Get a copy of the floor plan
A floor plan is essential for interior designers or contractors to plan the renovation process. It should also include aircon, lighting and fire protection systems. You can obtain a copy from the landlord or the management process. This also helps you plan your layout and you’ll have a better idea of where things should go.
- Choose a reputable contractor
As mentioned above, make sure you choose your contractors wisely! Engage contractors who are experienced in retail renovations relevant to your business as you can gain insights from their experience working with other clients. Ask for their experience and portfolio so you know they’re what you’re looking for. Some contractors might quote a very cheap price, but that usually means they are using cheap materials to build, which are less durable and may need to be replaced or refurbished after a year, incurring more expenses. Do make sure they understand retail spaces well and are capable of producing quality results. It is also important to have a list of your requirements before meeting contractors. It will help both parties if you know what you want, and the contractor can advise you on whether it’s feasible.
- Ask for detailed drawings
To avoid misinterpretation and last minute changes during the renovation process, ask for detailed drawings that show the final outcome.
- Security Installation
CCTV surveillance systems is important as it minimises theft and other criminal activity such as shoplifting and employee theft. Start engaging a security consultant to protect your hard earned profits today!
Banners and posters are MUST-HAVES especially if your location is not directly visible from heavy traffic flows areas. These will ensure that passers-by know about your store and put the idea of heading to visit at your location.
The most crucial thing is planning and having an idea of what you want. Of course, leverage on the contractor’s expertise and don’t hesitate to get help! Should you be looking for vendors for your renovation, you can source them for free through the ThunderQuote platform.
ThunderQuote is the “Gebiz for businesses” and most comprehensive business services portal in Singapore, Australia and ASEAN , where hundreds of thousands of dollars of procurement contracts are sourced every month by major companies like Singapore Press Holdings, National Trade Union Congress and more.